Perfect Announces Completion of Merger
Key Highlights
- ➤Merger completed October 23, 2026, taking Perfect Corp. private
- ➤Shareholders receive US$2.00 cash per share, subject to withholding taxes
- ➤Class A shares suspended and delisting from NYSE initiated
- ➤Warrant exercise price temporarily reduced to US$1.999647 through November 23, 2026
- ➤Warrant exercise price reverts to US$11.50 after reduced-price period
Perfect Corp. (NYSE: PERF) (“Perfect” or the “Company”), a leading artificial intelligence (“AI”) company offering AI and augmented reality (“AR”) powered solutions to beauty, fashion, photo and video creative industries, today announced the completion of the merger (the “Merger”), pursuant to the previously announced Agreement and Plan of Merger (the “Merger Agreement”), dated as of July 10, 2026, between the Company and ProjectNY, an exempted company with limited liability incorporated under the laws of the Cayman Islands controlled by Ms. Alice H. Chang (“Merger Sub”), and the plan of merger filed with the Registrar of Companies of the Cayman Islands (the “Plan of Merger”). In the Merger, Merger Sub merged with and into the Company, with the Company surviving the Merger as the surviving company. As a result of the Merger, the Company’s Class A ordinary shares ceased to be publicly traded.
Get started
Create a free account to read the full story.